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In my opinion, this sets the stage for a steady constant rise up until March, just like we had last year. I’m not sure if it will head to 124p again by March, but I certainly think they’ll be a steady rise up until March.

Anyone who was interested in investing in CINE will now see this trading update as the most latest information, with positive figures like that many potential investors will want to take the punt and invest before the big update comes out.

All imo. Let’s see how we end today :)

Very solid update. Sp up 5% just now.

Cineplex appeal also filed on the 12th, so nice to see them including that as well.

Cinema is back and busy. Looking forward to full year results in March :)

If we see no RNS tomorrow and see no news suggesting an appeal then I can only think that they may be settling out of court. For CP, it is the better option for them to take some money now than wait for it later.

@Bonkers, I agree with your prior post. CP’s $24m in cash gives them sufficient money to last one month of lockdown closures. Perhaps with the laying off of the staff they have another 2-3 weeks under their belt.

The real issue is that fact that whenever any place reopens from restrictions, the local economy doesn’t just spring back up into action again. It is always quite gradual. So for CP, it’s all well and good coming out of lockdown, but if they are having attendance figures of 40-50% like we were for the first 2-3 months after re-opening, it isn’t good news at all considering that they have also missed a massive blockbuster film with very little to none box office and concessionary revenue.

If today was our final day for appeal, then I expect an RNS tomorrow informing us of it being filed. They told us about how they were starting payments to Regal dissenting shareholders, so if they did something like that then I can’t see why they wouldn’t notify us of something so substantial like the appeal.

I have calculated it as:

Day of Judgement Release = Wednesday 15th December

Up to Wednesday 12th January = 4 weeks = 28 days

+2 days = 30 days from appeal = Friday 14th January

I may have calculated it incorrectly somewhere?

Yesterday was also not our last day to appeal. The time to file is 30 days, which means tomorrow (14th) is our final day to put an appeal in.

https://www.small-screen.co.uk/cineworld-loses-1-billion-cineplex-court-case/

I can understand the opinions to the contrary, but in reality it is better to buy CP rather than the fine.

@Bonkers, if the price increased further I’d be happier than if it decreased, even if it meant I couldn’t average down further :)

Just want to get back to the days of 70-80’s surges :)

@BlueBuxton and @Bonkers, even 37 would have sufficed for me but United Airlines is proving to be a bit of a trampoline itself. Patiently waiting for my average to be reached in United and then I’m quickly out and into more CINE. Perhaps not all of it, just a bit.

Any price under 40 would be ok considering my average is 60, but just need the funds first :)

I’m hoping by March we will be back to 60 minimum, with a gradual increase in anticipation for the results. Fingers crossed, I wait patiently :D

Hello all, I’ve been a bit busy and only had time to check the board in the late evening, hence my small absence recently.

I must say I was starting to think that I wouldn’t get a change to average down again at the middle 30s. Since the start of 2022 we have had rises after rises, so a small drop back is inevitable. When I was looking at the sp over the past couple of days I was rubbing my eyes in confusion when I saw that we were holding our gains, so we are making steady progress.

I’m continuing to hold with confidence, we should hopefully hear something about an appeal soon as well :)

@BlueBuxton (and all those interested)

Personally, I quite enjoyed The 355. The story line was really quite intriguing, lots of twists and turns. If I had to critique it I’d probably say that the fight scenes were a bit too excessive, I think the cameraman was moving more than the actors themselves fighting lol.

@Reppyrr, I feel your frustration. This video was released about 12 days ago.

It very well may have been the case that the news reporter actually wanted to ask him about the court case, but he told them to cut the question out and refused to respond to it.

He also knows if he goes to shareholders now, everyone wants to hear what’s going to happen with the court case. So perhaps he wants to get all of the path clear before going to shareholders.

By March at the max, we will hear something. Hang tight :)

@fundamentals, why would CINE need to do any of that when the debt is within reasonable management? The CEO has said that it is within control, and even by the company’s own admission we should be able to meet the leverage tests in 5 months time.

Moreover, it is not a requirement for the company to pay back all of their debt. They have to aim for a certain net debt to EBITDA ratio. Even if we fall short, lenders were understanding even at our worst state.

You have been here for a number of months now giving this same negative ideology. If you are not interested in investing in CINE, then go elsewhere. Over 2,000 listings on the London Stock Exchange and you decide to come here. I will be filtering you for the time being.

@Hussartbr, thanks for the extract. CINE’s FY 2021 results will be unaffected by any lockdown now, as the reporting period for those results is January-December 2021.

Instead, it would impact the interim results for 2022 and also the FY 2022 results as well.

Nevertheless, no lockdown on the horizon in the main markets we serve, so it’s just a bit of a side note :)

As a small addition, this kind of article assuming worst case scenario would have been more accurate back in October 2020 when the future of CINE was totally uncertain. Now, it is a simple FUD attempt. I’m more inclined to believe the financial calculations of the CFO and other analysts at the company rather than some stranger on a biased news outlet who are out for their own self-gain.

All imo.

A contradictory piece, there are people at the Motley Fool who actively hold CINE shares as we speak. However, I understand there are different writers.

This particular individual makes an assumption that CINE has to pay back all of their debt. That is a complete falsehood. If it was the case that companies had to pay back all their debt then Apple would have about $140bn to pay back, which is about 2 odd years of all of their profit. CINE has to keep within a certain net debt to EBITDA ratio, and that’s the end of that matter.

That brings me onto my next point. CINE has a leverage test in about 5 months time, and the article points out. What the article conveniently fails to mention is the fact that CINE has met their base case scenario 2 months ahead of schedule, and that the same base case scenario projects CINE to pass the leverage tests.

Furthermore, the article is automatically assuming the worst case scenario for CINE (failure of leverage tests and default). Not only are we projected to pass the test by the company’s own projections, but CINE’s lenders have shown a lot of patience to the company. For the lenders, it is in their best interests to keep the company solvent and allow the money to flow in.

As things stand, CINE doesn’t need a waiver on their leverage test in June, which is fantastic. However even if they did, I think the lenders would be accommodating, just as they have been in the past. If they were accommodating when CINE was generating rock bottom revenue, then how do you think they are going to be when CINE has shown proof of positive cash-flow?

@BlueBuxton I have no idea yet to be honest XD

Usually, I buy a bit at a time. So I’ll buy a bit on Monday (if I end up selling UA), then perhaps a bit on Tuesday and so on. If I see a drop back to 34-35 then I will put a bit more in at a time. If we go back to the low 30’s then it’s all in with the funds from UA.

@BlueBuxton to the best of my knowledge CP aren’t paying one at the moment.

In terms of the averaging down, indeed I did a few weeks ago. I’m now at approx 60.54p average. I don’t haven’t any further funds to use, but my United Airlines has been doing quite well this week (now at $47) and I anticipate it will hit my average ($49) some time this coming week. I may close that one at a small profit and dash the money in CINE.

I wouldn’t worry about the US listing too much. The most disadvantage you should experience is tax on dividends (which I’m not the happiest about either). Mooky is the largest shareholder, so whatever he does affects him too.

In terms of the already existent US listing, I’m not sure. It’s a very good question :)

@HNS - absolutely spot on

You don’t have to be Elon Musk to work out that CW of course wanted out, but that doesn’t mean they acted in bad faith. So it’s quite clear that she was trying to fill space with that section, and she was creating an unnecessary scene out of it.

I can guarantee to you that Mr Mark and Miss Rosenthal we’re rolling on the floor in laughter when they read the judgement. I would be too if I were in CP’s position and just got that kind of judgement. CP lawyers got paid big time to get up on a podium, talk about school buses and shout at a 70-year-old and they still won big.

@BlueBuxton, for the 2020 report they dropped (and haven’t come back up yet lol). I think because the loss was so massive. That drop was the same day I started a position in CINE, thinking I was getting a fantastic entry price at 95-101p (this is where I bought my first shares).

Nevertheless, I think there’s a lot of good to talk about in this report. For a start, if we don’t hear anything about Cineplex before the report, then it will definitely be in the March report where we hear something about the next steps. That alone could warrant a rise if it’s good news.

We could also hear something about a US listing? Mooky was in New York last month, so that (and the timing) would explain it. I think we can all agree that with cash-flow positive months and being open for the majority of the year (plus reduced cash burn etc), CINE’s $3bn loss will have come down substantially last year.

Last year, I made a personal prediction for dividends for 2024, perhaps 2023 if we are lucky. Perhaps if Mooky finds a magic money tree that he can shake we might be able to see some dividends this year lol :)